Gainplan LLC Grows Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Gainplan LLC raised its stake in shares of Apple Inc. (NASDAQ:AAPL) by 483.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,049 shares of the iPhone maker’s stock after buying an additional 6,669 shares during the quarter. Apple comprises about 0.9% of Gainplan LLC’s investment portfolio, making the stock its 19th biggest holding. Gainplan LLC’s holdings in Apple were worth $1,875,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in AAPL. China Universal Asset Management Co. Ltd. lifted its position in Apple by 127.4% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 75,479 shares of the iPhone maker’s stock valued at $12,943,000 after acquiring an additional 42,282 shares in the last quarter. Norden Group LLC boosted its position in shares of Apple by 10.8% during the first quarter. Norden Group LLC now owns 60,021 shares of the iPhone maker’s stock valued at $10,292,000 after buying an additional 5,830 shares during the last quarter. Ables Iannone Moore & Associates Inc. raised its position in Apple by 1.0% in the 1st quarter. Ables Iannone Moore & Associates Inc. now owns 112,505 shares of the iPhone maker’s stock worth $19,294,000 after buying an additional 1,162 shares during the last quarter. Drexel Morgan & Co. lifted its stake in Apple by 0.3% during the 1st quarter. Drexel Morgan & Co. now owns 44,102 shares of the iPhone maker’s stock valued at $7,563,000 after acquiring an additional 150 shares during the period. Finally, North Star Investment Management Corp. boosted its holdings in shares of Apple by 0.5% during the 1st quarter. North Star Investment Management Corp. now owns 263,747 shares of the iPhone maker’s stock valued at $45,227,000 after acquiring an additional 1,275 shares during the last quarter. 60.41% of the stock is owned by institutional investors.

Insider Buying and Selling at Apple

In related news, insider Chris Kondo sold 4,130 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $228.87, for a total transaction of $945,233.10. Following the sale, the insider now owns 15,419 shares in the company, valued at approximately $3,528,946.53. This represents a 21.13 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Luca Maestri sold 59,305 shares of Apple stock in a transaction on Friday, October 4th. The stock was sold at an average price of $226.52, for a total transaction of $13,433,768.60. Following the transaction, the chief financial officer now directly owns 107,788 shares of the company’s stock, valued at $24,416,137.76. The trade was a 35.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 408,170 shares of company stock worth $92,007,745 over the last ninety days. Company insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on AAPL. Needham & Company LLC reaffirmed a “buy” rating and issued a $260.00 target price on shares of Apple in a research report on Friday, November 1st. Bank of America reiterated a “buy” rating and set a $256.00 price objective on shares of Apple in a research report on Thursday, October 3rd. Robert W. Baird boosted their price target on Apple from $200.00 to $240.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. StockNews.com downgraded shares of Apple from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Finally, Moffett Nathanson dropped their price target on shares of Apple from $211.00 to $202.00 and set a “neutral” rating on the stock in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $235.25.

Apple Stock Up 0.3 %

NASDAQ AAPL opened at $229.00 on Thursday. The stock has a 50 day moving average price of $227.47 and a 200-day moving average price of $217.40. Apple Inc. has a one year low of $164.07 and a one year high of $237.49. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.83 and a current ratio of 0.87. The company has a market capitalization of $3.46 trillion, a P/E ratio of 37.66, a P/E/G ratio of 2.20 and a beta of 1.24.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. The business had revenue of $94.93 billion during the quarter, compared to analysts’ expectations of $94.52 billion. Apple had a net margin of 23.97% and a return on equity of 152.94%. The business’s revenue was up 6.1% on a year-over-year basis. During the same period last year, the company posted $1.46 EPS. As a group, equities analysts predict that Apple Inc. will post 7.43 EPS for the current fiscal year.

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 11th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 annualized dividend and a yield of 0.44%. Apple’s payout ratio is currently 16.45%.

Apple Company Profile

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.